Market Update Report 1/9/2018

January 9, 2018
The KUIK Market Update for Tuesday, January 9:
Markets are mixed.
Index Direction Change Units Index Time Change
Dow Jones Industrial Average Up 43 points 25,326 8:23 AM
S&P500 steady 0.0% percent 2,748 0.00
Nasdaq Composite down 0.1% percent 7,149 0.00
30 Year Treasury Up 5 Basis Points 2.86 Annual Yield
Switzerland’s Central Bank made $55 billion last year—more than Apple made.
The central bank emerged as a major money manager with a nearly $800 billion portfolio of foreign stocks and bonds, as it expects to report a record annual profit of $55 billion for last year—which equals 8% of the country’s entire GDP.
Air freight traffic is up: everything from dog food to semiconductors are vying for air cargo space. Passenger and dedicated cargo planes are picking up more kinds of cargo traditionally carried by container ships, trains and trucks. Global air freight traffic climbed almost 9% year-over-year in November. Rates for air freight were up as much as 17%.
$100 billion in Crypto market value vanished on Monday.
A website called coinmarketcap.com removed data on South Korean exchanges from its price quotes for a range of virtual currencies including bitcoin, Ethereum and Ripple’s XRP. The move followed a South Korean government crackdown on cryptocurrencies.
Serving the West Side first, I am Mike Elerath of BR Capital for 1360 KUIK.
https://www.wsj.com/articles/55-billion-profit-for-giant-asset-managerthe-swiss-central-bank-1515485509
https://www.wsj.com/articles/why-airfreight-traffic-is-up-dog-food-and-semiconductors-are-vying-for-space-1515493800?cx_testId=16&cx_testVariant=cx&cx_artPos=0&cx_tag=pop&cx_navSource=newsReel#cxrecs_s
https://www.wsj.com/articles/a-crypto-website-changes-its-data-and-100-billion-in-market-value-vanishes-1515443100?cx_testId=16&cx_testVariant=cx&cx_artPos=0&cx_tag=pop&cx_navSource=newsReel#cxrecs_s
For today’s Market Update Report click to listen->